This case analysis explores ITA No. 501/DEL/2019 involving Ruchi Gupta and the Income Tax Officer, Ward-35(5), New Delhi for the assessment year 2015-16, resolved through the Vivad Se Vishwas Scheme, 2020.
The dispute pertained to tax arrears for the assessment year 2015-16. The appellant, Ruchi Gupta, opted to settle the dispute under the Direct Tax Vivad Se Vishwas Act, 2020, illustrating a significant application of this dispute resolution scheme.
During the virtual hearing, the counsel for the assessee requested the withdrawal of the appeal, citing the settlement under the Vivad Se Vishwas Scheme. The tribunal accepted the withdrawal, leading to the dismissal of the appeal.
This case highlights the effective use of the Vivad Se Vishwas Scheme in resolving disputes and reducing litigation in the tax domain. The scheme’s impact on streamlining tax dispute resolutions is profound, offering a timely resolution mechanism for taxpayers and the government.
The resolution of ITA No. 501/DEL/2019 under the Vivad Se Vishwas Scheme marks a noteworthy instance of alternative dispute resolution in tax matters, reflecting the scheme’s utility in fostering a cooperative approach to tax compliance and dispute resolution.
Case Summary of ITA No. 501/DEL/2019: Resolution under Vivad Se Vishwas Scheme
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